<h1>RBI Deputy Governor Discusses Growth, Challenges, and Future of Urban Co-operative Banks at Maharashtra Conference.</h1> The Deputy Governor of the Reserve Bank of India addressed the Maharashtra Urban Co-operative Banks' Conference, discussing the evolution and challenges of urban co-operative banks (UCBs) in India. The speech highlighted the sector's growth, the impact of the Madhavpura crisis, and subsequent regulatory changes by the RBI to enhance stability. A vision document in 2005 led to a reduction in UCB numbers through consolidation, improving financial health. Recent developments include enhanced regulatory frameworks, liquidity facilities, and fee-based income avenues. The potential conversion of large UCBs into commercial banks was also discussed, emphasizing the need for regulatory parity and improved governance.